SAN DIEGO, CA, Oct. 16, 2017 (GLOBE NEWSWIRE) -- Global Payout, Inc. (OTC:GOHE) ("Global") is pleased to announce that its majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC", the "Company"), in addition to its newly acquired marketing and publishing entity, PotSaver, made a successful presence last week at the Southwest Cannabis Conference and Expo held in Phoenix, AZ.

The expo is a business-to-business event that brings experts from the local, regional, and national cannabis industry together to network and share the latest industry information with industry members, entrepreneurs, local leaders, and companies all within the rapidly emerging cannabis industry.

In attendance at the expo was MTRAC CEO, James Hancock, and PotSaver founder, Aaron Adler. The two had a unique opportunity to meet and network with a variety of individuals and businesses with ties to the cannabis industry and were able to utilize their presence as a platform to successfully promote both the MTRAC and Pot Saver brands.

"Attending this event was an excellent opportunity for us to share the vast array of technology and business-related solutions MoneyTrac has to offer to the many new and existing businesses in cannabis," said MTRAC CEO, James Hancock. "In having had the chance to speak with several different owners of these businesses, it has become increasingly clear that the lack of effective banking solutions made available to them remains one of the biggest challenges they are faced with and has reinforced our current mission of working to deliver a banking solution that tackles this specific challenge," Mr. Hancock commented further.

The Company announced last week via press release that it is currently in the final stages of completing the necessary due diligence to execute a joint venture partnership with an established financial institution that will allow the Company to offer one of the most effective banking solutions available within the cannabis industry.

Additionally, the Company also contends that a variety of key connections were established at the expo which may prove to be strategically beneficial in guiding the successful launch of the PotSaver brand in the Phoenix area market at some time in the near future.

Since the Company's inception in 2009, Global Payout, Inc. has been a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide. In 2014, Global introduced its first online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the introduction of its new, state of the art FINTECH payment system in 2017, for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global will continue to offer their FINTECH payment system to many vertical markets for support of foreign currency exchange and digital currency, including ongoing support of the banking industry and international governments.

About MoneyTrac Technology (MTRAC)

MoneyTrac Technology, Inc. is a pioneer in offering a full-service solution for alternative banking and electronic financial solutions and provides all aspects of financial technology including E-Wallet and mobile apps services for businesses and companies in various "high-risk" industries, mainly the cannabis industry. MoneyTrac's technology platform allows for its clients to access their financial information from anywhere in the world, in addition to providing tracking and compliance to help them manage and control the flow of all revenue through their business.

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